RFC Fixed Deposit

• Book Fixed Deposit in 4 foreign currencies and protect your deposit from exchange rate risks
• Earn tax exemption on interest rate on fd accrued on declaration of Resident but Not Ordinarily Resident status
• Repatriate funds on bonafide  reasons
• Protect your savings from exchange rate risks

To deposit money in your RFC Fixed Deposit, you can:

• Use the funds brought from abroad on your return in a freely convertible foreign currency
• Transfer funds from an existing NRE/FCNR Account held in other Banks